Avanti Helium (CVE:AVN) Trading Down 13% – Time to Sell?

Avanti Helium Corp. (CVE:AVN)’s share price was down 13% during mid-day trading on Saturday . The stock traded as low as C$0.10 and last traded at C$0.10. Approximately 189,134 shares traded hands during trading, a decline of 5% from the average daily volume of 198,740 shares. The stock had previously closed at C$0.12.

Avanti Helium Stock Performance

The company has a quick ratio of 1.36, a current ratio of 0.17 and a debt-to-equity ratio of 0.99. The stock has a fifty day simple moving average of C$0.11 and a 200-day simple moving average of C$0.16. The company has a market capitalization of C$9.68 million, a P/E ratio of -0.77 and a beta of 0.91.

Avanti Helium Company Profile

Avanti Helium Corp. acquires, explores, and develops helium projects in Canada and the United States. The company's principal project is its 100% owned Greater Knappen Project, which covers an area of approximately 70,140 acres located in the Southern Alberta and Northwestern Montana. The company was formerly known as Avanti Energy Inc and changed its name to Avanti Helium Corp.